A record $1.1 trillion has shifted out of stocks over the last year. Here’s why the market is still climbing, and could see further gains soon.

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'Such periods of outflows tend to see somewhat better equity returns over the following 6 months,' Bernstein analysts said in a client note.

Over the last 12 months, investors have pulled a record $1.1 trillion out of equities and put that money into bonds and money market funds, according to a recent client note from Bernstein. The analysts discuss the resulting factors that have left equities primed to rally over the next few months. Corporate buybacks and mergers and acquisitions have supported stock-market growth, even as investors have fled equities. Read more on Markets Insider.

Over the last 12 months, investors have pulled a record $1.1 trillion out of equities and put that money into bonds and money market funds, according to a recent client note from Bernstein. The analysts discuss the resulting factors that have left equities primed to rally over the next few months. Corporate buybacks and mergers and acquisitions have supported stock-market growth, even as investors have fled equities. Read more on Markets Insider.

 

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